Kennett USDA Loan Rates, Closing Costs & Stats

Kennett, MO

USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

Kennett's 6 lenders originated 46 USDA loans during 2023. The total origination value was $4,640,000, with an average USDA loan value of $100,870.

Kennett USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Kennett averaged 6.75% for the week of 2024-03-22, compared to the national average (all USDA variants) of 6.674% for the same period.

Kennett's average USDA mortgage closing costs are $4,902.

The average rate for the prior week (2024-03-15) was 6.47% and one month ago for the week of 2024-02-16, the average rate was 6.95%.

The average rate one year ago was 6.75%.

For refis of the same type during the week of 2024-03-22, the average rate was 6.67%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Kennett USDA Loan Lenders by Rates & Fees

The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Kennett level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
DAS Acquisition Company, LLC 23 6.91% $5,918
Flanagan State Bank 14 6.59% $6,208
FLAT BRANCH MORTGAGE, INC. 4 7.22% $4,020
EVERETT FINANCIAL, INC. 2 7.38% $4,865
First State Community Bank 1 7.13% $3,736
Southern Bank 1 7.13% $3,691

The top Kennett USDA lender as defined by loan originations is DAS Acquisition Company, LLC, with 23 USDA loans originated. Their average total fees are $5,918, which is $291 lower than the next largest lender, Flanagan State Bank.

The lowest fee Kennett USDA lenders (with over 10 loans originated) are DAS Acquisition Company, LLC ($5,918), Flanagan State Bank ($6,208), .

The lowest rate Kennett USDA lenders (with over 10 loans originated) are Flanagan State Bank (6.59%), DAS Acquisition Company, LLC (6.91%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Kennett (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $76,225 (29.2%) $98,735 (83.3%) 0.00 18
2018-02-01 $76,225 (27.7%) $111,248 (68.0%) 0.00 21
2018-03-01 $78,000 (31.9%) $114,265 (78.6%) 0.00 18
2018-04-01 $71,475 (23.2%) $105,897 (64.8%) 0.00 18
2018-05-01 $69,125 (19.4%) $101,588 (44.3%) 0.00 22
2018-06-01 $69,500 (24.7%) $94,465 (9.9%) 0.00 20
2018-07-01 $69,600 (20.0%) $81,768 (-11.5%) 0.00 18
2018-08-01 $73,725 (-4.2%) $79,701 (-21.7%) 0.00 17
2018-09-01 $89,200 (-0.8%) $80,310 (-27.3%) 0.00 18
2018-10-01 $98,750 (30.9%) $82,914 (-21.5%) 0.00 17
2018-11-01 $98,500 (51.5%) $80,245 (-13.4%) 0.00 15
2018-12-01 $99,500 (63.1%) $88,164 (25.6%) 0.00 13
2019-01-01 $84,550 (10.9%) $76,877 (-22.1%) 0.00 15
2019-02-01 $79,900 (4.8%) $74,487 (-33.0%) 0.00 15
2019-03-01 $70,257 (-9.9%) $71,748 (-37.2%) 0.00 18
2019-04-01 $67,400 (-5.7%) $71,016 (-32.9%) 0.00 21
2019-05-01 $70,975 (2.7%) $73,761 (-27.4%) 0.00 24
2019-06-01 $74,500 (7.2%) $96,743 (2.4%) 0.00 37
2019-07-01 $79,300 (13.9%) $109,577 (34.0%) 0.00 39
2019-08-01 $79,936 (8.4%) $110,422 (38.5%) 0.00 62
2019-09-01 $85,541 (-4.1%) $116,481 (45.0%) 0.00 94
2019-10-01 $89,900 (-9.0%) $120,905 (45.8%) 0.00 115
2019-11-01 $86,000 (-12.7%) $118,225 (47.3%) 0.00 113
2019-12-01 $85,725 (-13.8%) $118,449 (34.4%) 0.00 111
2020-01-01 $85,175 (0.7%) $116,884 (52.0%) 0.00 105
2020-02-01 $80,000 (0.1%) $117,549 (57.8%) 0.00 98
2020-03-01 $79,950 (13.8%) $111,759 (55.8%) 0.00 101
2020-04-01 $79,350 (17.7%) $106,922 (50.6%) 0.00 94
2020-05-01 $79,950 (12.7%) $108,257 (46.8%) 0.00 86
2020-06-01 $83,000 (11.4%) $112,118 (15.9%) 0.00 78
2020-07-01 $82,000 (3.4%) $111,173 (1.5%) 0.00 87
2020-08-01 $79,900 (-0.1%) $104,843 (-5.1%) 0.00 87
2020-09-01 $79,400 (-7.2%) $105,143 (-9.7%) 0.00 80
2020-10-01 $82,450 (-8.3%) $105,478 (-12.8%) 0.00 81
2020-11-01 $87,250 (1.5%) $107,633 (-9.0%) 0.00 76
2020-12-01 $97,375 (13.6%) $114,047 (-3.7%) 0.00 73
2021-01-01 $89,900 (5.6%) $110,890 (-5.1%) 0.00 77
2021-02-01 $79,700 (-0.4%) $102,298 (-13.0%) 0.00 78
2021-03-01 $78,575 (-1.7%) $103,689 (-7.2%) 0.00 73
2021-04-01 $76,500 (-3.6%) $102,579 (-4.1%) 0.00 79
2021-05-01 $78,450 (-1.9%) $101,430 (-6.3%) 0.00 79
2021-06-01 $80,950 (-2.5%) $105,149 (-6.2%) 0.00 83
2021-07-01 $77,000 (-6.1%) $97,575 (-12.2%) 0.00 82
2021-08-01 $79,900 (0.0%) $99,428 (-5.2%) 0.00 87
2021-09-01 $79,900 (0.6%) $100,334 (-4.6%) 0.00 83
2021-10-01 $89,900 (9.0%) $111,651 (5.9%) 0.00 74
2021-11-01 $89,950 (3.1%) $115,599 (7.4%) 0.00 71
2021-12-01 $87,425 (-10.2%) $112,061 (-1.7%) 0.00 66
2022-01-01 $87,400 (-2.8%) $109,423 (-1.3%) 0.00 61
2022-02-01 $81,375 (2.1%) $109,660 (7.2%) 0.00 57
2022-03-01 $97,400 (24.0%) $122,006 (17.7%) 0.00 53
2022-04-01 $79,950 (4.5%) $116,218 (13.3%) 0.00 62
2022-05-01 $80,000 (2.0%) $114,960 (13.3%) 0.00 65
2022-06-01 $82,450 (1.9%) $118,152 (12.4%) 0.00 56
2022-07-01 $89,900 (16.8%) $119,838 (22.8%) 0.00 57
2022-08-01 $89,013 (11.4%) $118,640 (19.3%) 0.00 61
2022-09-01 $110,000 (37.7%) $124,147 (23.7%) 0.00 61
2022-10-01 $102,250 (13.7%) $118,614 (6.2%) 0.00 74
2022-11-01 $103,750 (15.3%) $115,130 (-0.4%) 0.00 103
2022-12-01 $96,250 (10.1%) $112,488 (0.4%) 0.00 95
2023-01-01 $96,750 (10.7%) $113,430 (3.7%) 0.00 76
2023-02-01 $101,075 (24.2%) $114,176 (4.1%) 0.00 64
2023-03-01 $103,350 (6.1%) $118,302 (-3.0%) 0.00 57
2023-04-01 $102,200 (27.8%) $119,265 (2.6%) 0.00 62
2023-05-01 $120,000 (50.0%) $125,881 (9.5%) 0.00 65
2023-06-01 $125,250 (51.9%) $140,129 (18.6%) 0.00 60
2023-07-01 $115,750 (28.8%) $133,846 (11.7%) 0.00 62
2023-08-01 $118,500 (33.1%) $142,914 (20.5%) 0.00 62
2023-09-01 $112,500 (2.3%) $132,077 (6.4%) 0.00 67
2023-10-01 $112,125 (9.7%) $126,704 (6.8%) 0.00 74
2023-11-01 $114,250 (10.1%) $132,953 (15.5%) 0.00 86
2023-12-01 $114,250 (18.7%) $129,205 (14.9%) 0.00 88
2024-01-01 $119,750 (23.8%) $134,745 (18.8%) 0.00 81
2024-02-01 $120,000 (18.7%) $134,178 (17.5%) 0.00 76
Kennett's median listing price for 2024-02-01 was $120,000, a difference of $18,925 (18.7%) versus the prior year and $250 versus the prior month.

Kennett's median listing price comes in at 0% of the national average.

Kennett's average listing price for 2024-02-01 was $134,178, a difference of $20,002 (17.5%) versus the prior year and $-567 versus the prior month.

For the 2024-02-01 period, Kennett had 76 MLS listings, a difference of -5 listings (-6%) versus the prior month and 12 listings (19%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Kennett (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,908 sqft
2018-02-01 0 days 1,979 sqft
2018-03-01 0 days 1,836 sqft
2018-04-01 0 days 1,819 sqft
2018-05-01 0 days 1,687 sqft
2018-06-01 0 days 1,687 sqft
2018-07-01 0 days 1,836 sqft
2018-08-01 0 days 1,714 sqft
2018-09-01 0 days 1,572 sqft
2018-10-01 0 days 1,721 sqft
2018-11-01 0 days 1,870 sqft
2018-12-01 0 days 1,853 sqft
2019-01-01 0 days 1,770 sqft
2019-02-01 0 days 1,704 sqft
2019-03-01 0 days 1,509 sqft
2019-04-01 0 days 1,454 sqft
2019-05-01 0 days 1,463 sqft
2019-06-01 0 days 1,523 sqft
2019-07-01 0 days 1,859 sqft
2019-08-01 0 days 1,815 sqft
2019-09-01 0 days 1,830 sqft
2019-10-01 0 days 1,845 sqft
2019-11-01 0 days 1,834 sqft
2019-12-01 0 days 1,838 sqft
2020-01-01 0 days 1,809 sqft
2020-02-01 0 days 1,766 sqft
2020-03-01 0 days 1,699 sqft
2020-04-01 0 days 1,592 sqft
2020-05-01 0 days 1,592 sqft
2020-06-01 0 days 1,578 sqft
2020-07-01 0 days 1,521 sqft
2020-08-01 0 days 1,509 sqft
2020-09-01 0 days 1,530 sqft
2020-10-01 0 days 1,548 sqft
2020-11-01 0 days 1,562 sqft
2020-12-01 0 days 1,596 sqft
2021-01-01 0 days 1,583 sqft
2021-02-01 0 days 1,574 sqft
2021-03-01 0 days 1,545 sqft
2021-04-01 0 days 1,542 sqft
2021-05-01 0 days 1,540 sqft
2021-06-01 0 days 1,512 sqft
2021-07-01 0 days 1,487 sqft
2021-08-01 0 days 1,507 sqft
2021-09-01 0 days 1,500 sqft
2021-10-01 0 days 1,520 sqft
2021-11-01 0 days 1,530 sqft
2021-12-01 0 days 1,498 sqft
2022-01-01 0 days 1,470 sqft
2022-02-01 0 days 1,321 sqft
2022-03-01 0 days 1,389 sqft
2022-04-01 0 days 1,409 sqft
2022-05-01 0 days 1,391 sqft
2022-06-01 0 days 1,441 sqft
2022-07-01 0 days 1,473 sqft
2022-08-01 0 days 1,441 sqft
2022-09-01 0 days 1,486 sqft
2022-10-01 0 days 1,396 sqft
2022-11-01 0 days 1,455 sqft
2022-12-01 0 days 1,396 sqft
2023-01-01 0 days 1,444 sqft
2023-02-01 0 days 1,532 sqft
2023-03-01 0 days 1,596 sqft
2023-04-01 0 days 1,562 sqft
2023-05-01 0 days 1,628 sqft
2023-06-01 0 days 1,650 sqft
2023-07-01 0 days 1,571 sqft
2023-08-01 0 days 1,560 sqft
2023-09-01 0 days 1,473 sqft
2023-10-01 0 days 1,489 sqft
2023-11-01 0 days 1,473 sqft
2023-12-01 0 days 1,490 sqft
2024-01-01 0 days 1,493 sqft
2024-02-01 0 days 1,527 sqft
Kennett's median listing age (time on market) for 2024-02-01 was 0 days.

Kennett's median square footage for active listings during the 2024-02-01 period was 1,527 sqft. One year prior, the average listing was 1,532 sqft.